Contract for upgrading Ula Class submarines

Kongsberg Defence & Aerospace has signed a contract with the Armed Forces' Logistics Organisation for the delivery of a new Combat System Integration Infrastructure, a new passive sonar system and the upgrading of a tactical simulator for Norway's six Ula Class submarines. With a scope of MNOK 179, the contract was won in an open international competition. Delivery is scheduled for completion within 52 months.

"For more than 30 years, KONGSBERG has delivered command and weapon control systems for Norwegian, German and Italian submarines, and this contract marks an important further development of our products within submarine systems. The contract is a response to a campaign conducted over several years to strengthen the company's position as a supplier of complete, integrated sonar and command and weapons control systems for submarines. The world market includes a rather significant number of submarines that are or will soon be in need of life extension programmes. In this context, this is an important reference contract", reports Executive Vice President Nils-Oddvar Hagen of Kongsberg Defence & Aerospace.

KONGSBERG is a multinational, knowledge-based group with more than 4400 employees in more than 25 countries. The Group delivers high-technology systems to discerning customers engaged in offshore oil and gas production, the merchant marine, and the defence and aerospace industries. KONGSBERG is listed on the Oslo Stock Exchange (Ticker: KOG) and had a turnover of NOK 8.3 billion in 2007. The subsidiary Kongsberg Defence & Aerospace is Norway's premier supplier of defence and aerospace-related systems. The company had operating revenues of NOK 3.3 billion and more than 1600 employees in 2007.

For further information, please contact:
Executive Vice President Nils-Oddvar Hagen, mobile no.: ( 47) 920 60092.